First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended April 2nd, according to a report released by the Labor Department on Thursday. The chart was made using Metatrader 5 with Brainwashing Original Ichi trading system (this trading system is attached to the post as zip archive for example). more...
The price of oil spiked to a fresh yearly high ($130.50) in March. Current market conditions may lead to higher crude prices as expectations for strong demand are met with indications of limited supply. more...
BoE rate expectations remain aggressive. Looking ahead to next week, with little on the domestic front, the ebb and flow of risk appetite will dictate price action for the Pound. Meanwhile, upside is likely to persist for GBP/JPY heading into month-end. more...
Crude oil dipped 1.17 percent to $62.15/bbl over the last 5 trading days, inking back-to-back weekly losses for the commodity. The primary driver of recent downside could be attributed to reports from the EIA that crossed the wires during Thursday’s session which stated US crude stockpiles skyrocketed 9.9m/bbl to their highest level since September 2017. Ballooning crude oil production in the US now tops 12m/bpd and largely contributed ...
Using PPI to trade forex: Talking points PPI stands for the Producer Price Index, which is an important piece of economic dataPPI data is released during the second week of each month.Forex traders can use PPI as a leading indicator to forecast consumer inflation measured by the Consumer Price Index (CPI). PPI is an important piece of economic data due to its ...
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